Thursday, June 20, 2013
DOW drops 560 points in 2 days..."on Fed fears"
You mean, investors are worried that the Federal Reserve will stop shoveling cash into the Slop Market?? Could it be people have realized that this is all that's holding up the economy, fattening the rich faster than ever?
Labels:
Dow,
economy,
Fed,
Federal Reserve,
gold,
investors,
rich,
stock market
Wednesday, June 12, 2013
A NEW global recession? PIMCO says 60% chance. I say higher!
...considering Europe never really pulled out of the first one! The Eurecession is five years old and some EU countries are worse off than ever. What does this mean for the USA and its faltering recovery? It's gotten a lot better for the wealthy, but lagging re-employment and the continuing plundering of consumer wealth by the BANKS and OIL COMPANIES probably means we'll join them. Best case scenario: American workers may finally realize the system has been screwing them all along, and find a way to take back the comfortable lifestyle that their labor should provide!.
Uncle Sam is paying banks NOT to lend you money
The Federal Reserve is rewarding banks for not lending money. While bank deposits at the Fed rarely surpassed $25B in the past, there is a whopping $1 TRILLION there now, paying (overpaying!) .25% interest! CHASE has over $200B there and WELLS FARGO $100B. Money they should be LENDING to finance growth that would get us out of the Great Recession. But it's risk-free there. Given bankers' decisions in the past, maybe that's a good plan for them.
Friday, June 7, 2013
"Sweet Spot" pretty sour for most of us
Radio business analyst so happy that today's jobs report hit the "sweet spot". Meaning that it's not good enough to make the Federal government stop shoveling money to the bankers and their cronies, but good enough to give a majority of Americans false hope that the economy is improving. Real sweet.
Labels:
banks,
business,
jobs,
sweet spot,
unemployment
Tuesday, June 4, 2013
Oil and Gas Producers $crewing Us Over
The push to export natural gas stems from the fact that the country now has too much of it. Thanks to the fracking-led energy boom, U.S. natural gas prices have collapsed. The flow of gas from many recently drilled wells has actually been shut off, as pumping it out costs more than the gas can be sold for.
Prices in other parts are the world aren't nearly so low. In Europe, they are three times higher than in the United States. In Japan they're nearly five times as high. That offers an incredible incentive for energy companies to put their gas on a ship and send it abroad.
YOUR OIL AND GAS COMPANIES: SOLVING THE LOW PRICE PROBLEM.
Prices in other parts are the world aren't nearly so low. In Europe, they are three times higher than in the United States. In Japan they're nearly five times as high. That offers an incredible incentive for energy companies to put their gas on a ship and send it abroad.
YOUR OIL AND GAS COMPANIES: SOLVING THE LOW PRICE PROBLEM.
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